Policy Options to Prevent Climate Change, Hearing Before the Committee on Ways and Means, U.S. House of Representatives, One Hundred Tenth Congress, Second Session, September 18, 2008 [open pdf - 15MB]
From the opening statement of Jim McCrery: "Last February, we held our first hearing on climate change issues. At that time, I suggested that any legislation designed to address global climate change should be examined in the context of America's need for energy security. On the day of that hearing, the average price of a gallon of gasoline in the United States was about $2.42. It's now about $3.75. Even though global crude oil prices are falling, the devastation caused by Hurricane Ike, particularly on our strained refining capacity, threatens to push those prices even higher. As we listen to today's witnesses, I hope we will keep those prices in mind and ask those witnesses and ourselves how much higher carbon taxes or cap and trade systems might push energy prices in this country. We also need to examine how those higher prices translate into job losses, both from the contraction of our economy, as well as from the movement of manufacturing jobs to countries that don't take similar steps to reduce carbon emissions. Perhaps just as importantly, we should ask whether those higher prices would result in any measurable reductions in any global greenhouse gas emissions and global temperatures." Statements, letters, and materials submitted for the record include those of the following: Jim McCrery, Michael Bloomberg, Peter R. Orszag, Carol Browner, Dallas Burtraw, Robert E. Lighthizer, Timothy J. Regan, Frank Ackerman, Daniel R. Abbasi, Jerome Ringo, Peter Barnes, William W. Millar, David W. Kreutzer, James Culliton, Julian Keniry, Will Wynn, Robert J. King, Gary Clyde Hufbauer, Shawnee Hoover, Stephen A. Smith, Thomas J. Gibson, Accor Services USA, Environmental Defense Fund, Humane Society of the United States and the Humane Society International, Industrial Energy Consumers of America, and VPSI.
Serial No. 110-98
Government Printing Office, Federal Digital System: http://www.gpo.gov/fdsys/